Solana’s largest password wallet entered the liquid staying race and started its own PSOL token.
The Solana (SOL) Liquid Stay King Token Market has a new participant. On Tuesday, May 14, Phantom launched its own liquid staying token PSOL, allowing users to stake the SOL and to maintain liquidity for use for defi.
Liquid steak PSOL is provided directly within the Phantom Wallet, the most popular wallet app in Solana Network. To encourage adoption, Phantom has made a staying interface user -friendly. The user can access the feature by clicking “Songing Solning Soll” on the Solana token page of the app.
Nevertheless, users in some jurisdictions, such as the UK, are excluded from this function due to the regulations that prohibit steaking.
Solana’s liquid steaking ecosystem is seeing a sharp rise.
According to Phantom, the movement to the liquid staying is part of the efforts to support a wider Solana ecosystem with a rapid increase in liquid staying over the last few months.
The total market cap of Staked Sol Tokens was $ 7 billion in May. JITO, Binance, Marinade and Jupiter Liquid Stacken Sol Tokens occupy most of this market. Nevertheless, the value of this token decreased at a record of $ 1 billion in the last week of January 2025.
Solana is placing liquid staying as a way to help users get the yield and get a network while maintaining fluidity. Liquid Staying makes users lock the actual soles and receive equal amounts from liquid steak soles such as PSOL.
This liquid token then can be further rewarded in the Defi protocol. On the other hand, issuing liquid steak zols can increase the effective circulation supply of the SOL to apply downward pressure on the price.